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Woolworths’ reputation to play a role in executive bonuses

Sue Mitchell

Woolworths is replacing a key measure of retail productivity with a reputation score in its formula for setting executive bonuses in a bid to rebuild trust, after its corporate reputation was buffeted by wage underpayments and now-abandoned plans to open a liquor mega-store in Darwin.

The move by the supermarket giant comes after an intensifying focus on corporate social responsibility amid controversies sparked by plans to open a Dan Murphy’s mega-store near a dry Aboriginal community and Rio Tinto’s destruction of the Juukan Gorge caves in Western Australia.

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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com

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